Winner: Trade of the Week for June 11 to 15, 2012

Winner: 2012-06-11 00:08
Voting time is over, forex warriors! It’s now time to give a virtual pat on the back and give the Trade of the Week throne to this week’s winner…

Monstapips!

Here’s the 411 on his NZD/USD long trade:

NZD/USD Trade

Long or Short: Long
Entry Point: .7605
Stop Loss: .7550
Profit Target/s: .7740
Reward-to-risk Ratio: 2.5 to 1
Risk percentage: 1%
Indicators: Fibonaci retacement, stochastic

Check out his NZD/USD forum thread if you wanna know the details of his trading plan!

Congratulations, monstapips! Not only will your trade be featured on the BabyPips.com homepage, but you also get to donate $10 to a charity of your choice from our Golden List of Charities!

Don’t worry, an additional $3 will also be donated to this month’s charity, Heifer International, to represent the other participants in this week’s contest.

There you have it, folks! Good luck trading this week and see you in next week’s edition of the Trade of the Week contest!

Voting: 2012-06-09 00:05

The entries are in, folks! This week, we have a trade idea on the major and two on the commodity-based currencies. Which one do you like best?

Here are the entries:

USD/CAD Short by mero_koli
NZD/USD Long by monstapips
USD/CHF Short by Jabroni
EUR/JPY Short by littlebopip

Remember, you only have until 12:00 a.m. EST on June 11, 2012 to cast your vote, so make sure it counts!

Submission: 2012-06-07 23:58

It’s that time of the week again, fellas! Do you have a trade idea that’s worthy of being crowned the Trade of the Week? Let me remind you that your submissions would contribute to the forex community and support a worthy cause at the same time!

Each COMPLETE trade idea submitted corresponds to a $1 donation to our Charity of the Month, which is Mercy Corps. So if you want to support the world-renowned organization that focuses on disaster response and emergency relief send in your entries right now!

All you gotta do is:

  1. Go to the BabyPips.com forums and create a thread under the Reader’s Choice: Trade of the Week forum.
  2. Read the official rules and regulations and make sure that you follow the submission format.

Pretty simple, huh?

If your trade entry bags the crown, our wizard admin team will contact you again via your forum thread to ask you to choose from our list of charities. BabyPips.com will then donate an additional $10 to your chosen charity.

Remember, submission period is from 3:00 am EST to 11:59 pm EST Friday, June 8, 2012.

What are you waiting for? Get on those charts and start looking for that piptacular setup!